consolidation, page-7

Deltafive, I'm interested as to what you are basing your comment that:

"a rerun of the DFS at today's prices will show a massive increase in Capex, something a few companies are currently experiencing."

The DFS isn't that old and we aren't operating in the same 'boom' conditions that are blowing out project costs in WA, so I just don't see where the 'massive' increase would come from. It's a pretty simple plant, so there shouldn't be too many surprises on that front. Maybe some increased costs for mining equipment/steel products - but again - its not WA and the market might be tight but the gear they would be chasing is pretty standard mining or bulk earthmoving equipment (the beauty of a small high grade deposit).

Aside from that there's labour, but I don't see that as an issue: it's Africa... and the majority of CHN's expat personnel are South African or coming out of Europe